All the headlines from our Commercial Lines Topic Page, ordered by recency.
Oct 24 2024 // Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates...
Oct 24 2024 // Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the...
Oct 22 2024 // Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial...
Oct 21 2024 // Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching...
Oct 10 2024 // WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption.“The current state of affairs might only be one major hurricane away...
Oct 10 2024 // This post is part of a series sponsored by Darkhorse Insurance.Are you dipping your toes into commercial insurance sales? Well, hold on tight because selling commercial insurance isn’t your run-of-the-mill business....
Oct 9 2024 // Less than a month after Amazon announced employees would need to give up their flexible work arrangements and return to the office full-time, new research has reinforced the value of a flexible work culture.The 2024...
Oct 9 2024 // Joseph Sumberg, a former managing director at Goldman Sachs Group Inc. who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs,...
Oct 7 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter of 2024.Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in...
Oct 7 2024 // An organization’s ability to provide an exceptional employee experience impacts its success in many ways, from driving profitability and growth to enhancing customer satisfaction. However, now that the majority of...
Oct 3 2024 // Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland.Financial details of the transaction were not disclosed. As...
Oct 2 2024 // The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed...
Oct 2 2024 // A U.S. labor board issued a complaint accusing Apple of violating employees’ rights to organize and advocate for better working conditions by maintaining a series of unlawful workplace rules.The National Labor...
Sep 27 2024 // Connecticut Governor Ned Lamont announced that the U.S. Small Business Administration (SBA) has opened two business recovery centers that are now providing in-person assistance to businesses applying for federal disaster...
Sep 26 2024 // Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence.Cybercriminals increasingly use generative AI, including...
Sep 25 2024 // Cal/OSHA is urging employers to protect workers from unhealthy air due to wildfire smoke.The Line Fire is impacting air quality in areas around San Bernardino and Riverside counties. Employers are required to monitor air...
Sep 10 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter.Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its...
Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, USBMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S.,...
Sep 6 2024 // Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get...
Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...